• 한국경영과학회지
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• 제10권1호
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• pp.65-78
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• 1985

In this paper, the approach getting a total demand by forecasting the new demand and the replacement demand separately and adding them is used for long term forecasting of durable goods. Cross country analysis using the income as an independent variable and S-shaped growth curve as a fitting model is developed as a method of forecasting new demand. To get the replacement demand the methods using the number of ownership and the replacement rate and the methods using the past demand and the distribution of the product life are proposed. And the theoretical explannation for product life cycle's diversity, which is the one of the major considerations in the long term forecasting, is attempted by the combination of the new demand and the replacement demand patterns. This is applicated the long term forecasting of Korean passenger cars.

• International Journal of Computer Science & Network Security
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• 제22권2호
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• pp.185-192
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• 2022

Forecasting and time series modelling plays a vital role in the data analysis process. Time Series is widely used in analytics & data science. Forecasting stock prices is a popular and important topic in financial and academic studies. A stock market is an unregulated place for forecasting due to the absence of essential rules for estimating or predicting a stock price in the stock market. Therefore, predicting stock prices is a time-series problem and challenging. Machine learning has many methods and applications instrumental in implementing stock price forecasting, such as technical analysis, fundamental analysis, time series analysis, statistical analysis. This paper will discuss implementing the stock price, forecasting, and research using prophet and LSTM models. This process and task are very complex and involve uncertainty. Although the stock price never is predicted due to its ambiguous field, this paper aims to apply the concept of forecasting and data analysis to predict stocks.

• 자원ㆍ환경경제연구
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• 제9권2호
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• pp.333-347
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• 2000

We employed various econometic methods to estimate the production index elasticity and the price elasticity of elecricity demand in Korea and compared the forecasting power of those methods. Cointegration models (ADL model, Engle-Granger model, Full Informtion Maximum Likelihood method by Johansen and Juselius) and Dynamic OLS by Stock and Watson were considered. The forecasting power test shows that Dynamic OLS has the best forecasting power. According to Dynamic OLS, the production index elasticity and the price elasticity of electricity demand in Korea are 0.13 and -0.40, respectively.

• Communications for Statistical Applications and Methods
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• 제7권1호
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• pp.87-96
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• 2000

Nonlinear time series prediction is derived and compared between statistic of modeling and neural network method. In particular mean squared errors of predication are obtained in generalized random coefficient model and generalized autoregressive conditional heteroscedastic model and compared with them by neural network forecasting.

• 대한예방한의학회지
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• 제17권1호
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• pp.65-76
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• 2013

Objectives : Aim of this study is to contribute to establishment of the Traditional Korean Medicine (TKM) policies in the future. Final assessment for 12 of the forecasting projects was carried out on the TKM policies that deduced by professionals in 1996 whether or not to realize in 2013. Methods : We investigated governmental and private research projects, reports and papers, and laws and systems on the forecasting projects. We reviewed them through the Traditional Korean Medicine Information Portal OASIS (http://oasis.kiom.re.kr), Korean studies Information Service System (KISS) (http://kiss.kstudy.com/) and DBpia (http://www.dbpia.co.kr/), Akomnews(http://www.akomnews.com/), THE MINJOK MEDICINE NEWS(http://www.mjmedi.com/), Ministry of Government Legislation(http://www.law.go.kr/). Results : Of the 12 forecasting projects, five were judged as 'realization', four were as 'partial realization' and three were as 'un-realization', The realization rate was 75.0%. Three un-realized projects included the TKM insurance coverage for various herbal medicines, leadership secure on medical technicians and commercialization of the TKM managing system on senior medicare policy. Realization of the future forecasting TKM policy projects was decided depending on conditions such as the importance, domestic capability levels, principal agents, methods and restrains. Conclusions : Continuous studies and new developed forecasting projects for the TKM policies will be required to realize the projects in the future.

• 정보처리학회논문지:소프트웨어 및 데이터공학
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• 제3권9호
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• pp.355-360
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• 2014

오늘날 국가와 기업의 연구 개발 투자 및 경영 정책 전략 수립에서 미래 부상 기술 예측은 매우 중요한 역할을 한다. 기술 예측을 위한 다양한 방법들이 사용되고 있으며 특허를 이용한 기술 예측 또한 활발히 진행되고 있다. 특허를 이용한 기술 예측에는 전문가들의 평가와 견해를 통한 정성적인 방법이 주로 사용되어 왔다. 정성적인 방법은 분석 결과의 객관성을 보장하지 못하고 분석에 많은 비용 및 시간이 요구된다. 이런 문제점을 보완하기 위해 최근에는 텍스트 마이닝을 이용한 특허 데이터의 정량적인 분석이 이루어지고 있다. 텍스트 마이닝 기법을 적용함으로써 특허 문서의 통계적 분석이 가능하다. 본 논문에서는 텍스트 마이닝과 ARIMA 분석을 이용한 기술 예측 방법을 제안한다.

• The Journal of Asian Finance, Economics and Business
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• 제9권7호
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• pp.1-15
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• 2022

Combining the strength of both Mixed Data Sampling (MIDAS) Regression and realized variance measures, this paper seeks to investigate two objectives: (1) evaluate the post-sample performance of the proposed weekly Realized Variance-MIDAS (RVar-MIDAS) in one-week ahead volatility forecasting against the established Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model and the less explored but robust STES (Smooth Transition Exponential Smoothing) methods. (2) comparing forecast error performance between realized variance and squared residuals measures as a proxy for actual volatility. Data of seven private equity mutual fund indices (generated from 57 individual funds) from two different time periods (with and without financial crisis) are applied to 21 models. Robustness of the post-sample volatility forecasting of all models is validated by the Model Confidence Set (MCS) Procedures and revealed: (1) The weekly RVar-MIDAS model emerged as the best model, outperformed the robust DAILY-STES methods, and the weekly DAILY-GARCH models, particularly during a volatile period. (2) models with realized variance measured in estimation and as a proxy for actual volatility outperformed those using squared residual. This study contributes an empirical approach to one-week ahead volatility forecasting of mutual funds return, which is less explored in past literature on financial volatility forecasting compared to stocks volatility.

• 산업공학
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• 제16권4호
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• pp.400-410
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• 2003

Most of the demand forecasting which have been studied is about long-term time series over 15 years demand forecasting. In this paper, we set up the most optimal ARIMA model for the short-term time series demand forecasting and suggest demand forecasting system for short-term time series by appraising suitability and predictability. We are going to use the univariate ARIMA model in parallel with the bivariate transfer function model to improve the accuracy of forecasting. We also analyze the effect of advertisement cost, scale of branch stores, and number of clerk on the establishment of marketing policy by applying statistical methods. After then we are going to show you customer's needs, which are number of buying products. We have applied this method to forecast the annual sales of refrigerator in four branch stores of A company.

• 산업기술연구
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• 제15권
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• pp.187-193
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• 1995

In this paper, a short-term load forecasting expert system considering the load variation due to the change in temperature is presented. The change in temperature is an important load variation factor that varies the normal load pattern. The conventional load forecasting methods by artificial neural networks have used the technique where the temperature variables were included in the input neurons of artificial neural networks. However, simply adding the input units of temperature data may make the forecasting accuracy worse, since the accuracy of the load forecasting in this method depends on the accuracy of weather forecasting. In this paper, the fuzzy expert system that modifies the forecasted load using fuzzy rules representing the relations of load and temperature is presented and compared with a conventional load forecasting technique. In the test case of 1991, the proposed model provided a more accurate forecast than the conventional technique.

• 대한전기학회논문지:전력기술부문A
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• 제48권4호
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• pp.365-370
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• 1999

This paper describes the Weekly Load Forecasting Expert System(Named WLoFy) which was developed and implemented for Korea Electric Power Corporation(KEPCO). WLoFy was designed to provide user oriented features with a graphical user interface to improve the user interaction. The various forecasting models such as exponential smoothing, multiple regression, artificial nerual networks, rult-based model, and relative coefficient model also have been included in WLofy to increase the forecasting accuracy. The simulation based on historical data shows that the weekly forecasting results form WLoFy is an improvement when compared to the results from the conventional methods. Especially the forecasting accuracy on special days has been improved remakably.